The Carlyle Group Inc. (NASDAQ:CG) Shares Sold by Eagle Asset Management Inc.

Eagle Asset Management Inc. lowered its stake in shares of The Carlyle Group Inc. (NASDAQ:CG) by 34.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,103,987 shares of the financial services provider’s stock after selling 582,871 shares during the period. Eagle Asset Management Inc.’s holdings in The Carlyle Group were worth $47,538,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CG. O Shaughnessy Asset Management LLC purchased a new position in The Carlyle Group during the first quarter worth about $228,000. UniSuper Management Pty Ltd lifted its position in The Carlyle Group by 121.4% during the first quarter. UniSuper Management Pty Ltd now owns 3,100 shares of the financial services provider’s stock worth $145,000 after buying an additional 1,700 shares during the period. EntryPoint Capital LLC lifted its position in The Carlyle Group by 167.0% during the first quarter. EntryPoint Capital LLC now owns 1,928 shares of the financial services provider’s stock worth $90,000 after buying an additional 1,206 shares during the period. Canada Pension Plan Investment Board purchased a new position in The Carlyle Group during the first quarter worth about $23,455,000. Finally, 1832 Asset Management L.P. purchased a new position in shares of The Carlyle Group in the 1st quarter worth about $55,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

The Carlyle Group Price Performance

Shares of NASDAQ CG opened at $53.65 on Friday. The Carlyle Group Inc. has a twelve month low of $32.09 and a twelve month high of $54.52. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $19.19 billion, a price-to-earnings ratio of 185.00, a price-to-earnings-growth ratio of 1.35 and a beta of 1.70. The business has a 50 day simple moving average of $48.30 and a 200-day simple moving average of $44.00.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.08. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The business had revenue of $895.00 million during the quarter, compared to the consensus estimate of $908.17 million. During the same period in the previous year, the business earned $0.87 EPS. The business’s quarterly revenue was up 15.2% on a year-over-year basis. As a group, equities research analysts expect that The Carlyle Group Inc. will post 3.77 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Monday, November 18th will be given a dividend of $0.35 per share. The ex-dividend date is Monday, November 18th. This represents a $1.40 dividend on an annualized basis and a yield of 2.61%. The Carlyle Group’s dividend payout ratio is currently 482.76%.

Wall Street Analysts Forecast Growth

CG has been the topic of a number of research reports. Redburn Atlantic began coverage on The Carlyle Group in a report on Tuesday, August 27th. They issued a “buy” rating and a $55.00 price objective on the stock. TD Cowen increased their target price on The Carlyle Group from $43.00 to $49.00 and gave the company a “hold” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. increased their target price on The Carlyle Group from $44.00 to $50.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Evercore ISI increased their target price on The Carlyle Group from $45.00 to $47.00 and gave the company an “in-line” rating in a research note on Monday, October 14th. Finally, Wells Fargo & Company increased their target price on The Carlyle Group from $42.00 to $48.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $53.33.

Insider Activity at The Carlyle Group

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 924,466 shares of the business’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $2.14, for a total transaction of $1,978,357.24. Following the completion of the transaction, the insider now owns 3,643,231 shares in the company, valued at approximately $7,796,514.34. The trade was a 20.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Daniel A. D’aniello sold 495,542 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $51.53, for a total value of $25,535,279.26. Following the transaction, the director now owns 32,504,102 shares of the company’s stock, valued at $1,674,936,376.06. This trade represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,171,556 shares of company stock worth $29,222,475 in the last 90 days. 27.20% of the stock is currently owned by company insiders.

The Carlyle Group Profile

The Carlyle Group Inc is an investment firm specializing in direct and fund of fund investments. Within direct investments, it specializes in management-led/ Leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and middle market, equity private placements, consolidations and buildups, senior debt, mezzanine and leveraged finance, and venture and growth capital financings, seed/startup, early venture, emerging growth, turnaround, mid venture, late venture, PIPES.